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PBOC: more people project to buy homes

A number of Chinese citizens who plan to buy a home rose in Q2, though a significant number of citizens still see current housing prices too high. The data of a monthly pall came out on Friday.


The official data released in this week justify that China’s housing prices rose versus the previous year. This tendency has been remaining for the last five months after a fall of prices in December. A demand for homes sharply rose on the background of rate cut and cuts for purchase and sale taxes.


According to the report released on Friday, China’s financial sector is more confident now in stable economic conditions in the country. However, paces of economic growth continue to slow down, and demand for credits from real sector fell in the previous quarter.


Companies stated that they had got more orders from both domestic agents and from foreign partners rather than in Q1. They also fixed a growth of income versus the previous quarter.